Global WebRtc Market
Web Real-Time Communication market was valued at USD 2.8 Billion in 2020 and it is expected to reach USD 38.5 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 44.2% during the period 2020–2030.
Web Real-Time Communication (WebRTC) considered to be an internet browser interface which enables real-time communication between two internet browsers. It enables peer to peer audio, video and data communication between the browsers without plugins.
The key functionality of this market not only reduces the time required but also makes the process easy for a non-technical user since WebRTC requires no plugins, frameworks or applications. The browsers use Session Description Protocol (SDP) to establish a connection for data transfer. Webification of communications systems, and growth in adoption of WebRTC solution to offer better customer whereas integration of AI and increase in use cases of WebRTC in IoT are expected to create lucrative opportunities for the market expansion.
Market Drivers
The rising number of internet users is predicted to positively impact the market over the forecast period. According to the International Telecommunication Union (ITU), in 2019, about 53.6% of the global population had access to the internet as compared to 51.4% in 2018. The rising penetration of internet is anticipated to drive market growth. Furthermore, the advent of 5G technology will help broadcasting service providers to enhance their business in areas, such as e-sports streaming, personal broadcasting, interactive advertising, and educational broadcasting, to provide high-quality images by using WebRTC. Rising usage of the internet in the BFSI sector is also expected to propel the market over the forecast period. Powering real-time communication that can operate over a web browser is making its way into banking and insurance websites, owing to which, organizations can interact with users more efficiently.
Market Restraints
Restraint for the market is that it uses internet platform which is a public domain and thus, the quality of service cannot be guaranteed all the time. Use of Internet could result in privacy issues as it is still not clear how WebRTC manages the security and privacy.
Market Segmentation
Globally market is segmented into component, enabled device and end user. Component segment is classified into solutions and services. The solutions segment held the highest market share of 72.24% in 2019 and will expand further at a steady CAGR from 2020 to 2027 whereas services is estimated to register the maximum CAGR exceeding 48% over the forecast period. Enabled device segment is divided into smartphones & tablets and pcs. The use of mobile applications powered by WebRTC is expected to upkeep the segment growth over the forecast period while the demand for video conferencing solutions across various industry verticals, such as IT & telecom, retail, and BFSI, is rising with PCs being preferred for online business communication.
End user segment is segmented into IT & Telecom and healthcare. Telecom companies are reviewing their traditional communication services and implementing new solutions that meet the current communication trends. The upsurge in the segment is due to the increasing adoption of telehealth platforms to increase patient engagement and reduce additional costs.
Regional Analysis
Globally, webRTC market can be classified into North America, Europe, Asia Pacific (APAC), Middle East and Africa, China and Latin America. Market was dominated by North America in 2019 and is expected to maintain this trend during the forecast period. Factors such as presence of leading companies using WebRTC in their offerings such as Facebook, Twitter, Snapchat, Google (Duo, Hangout), & others in North America and telecom companies forming alliances with WebRTC developers to recapture the audience are the major drivers for the market growth in this region.
Asia Pacific is expected to be the fastest-growing regional market from 2020 to 2030. This is due to the increasing number of internet users in developing countries, such as India and China. According to the World Bank, in 2017, 34.45% of India’s population had access to the internet as compared to 22% in 2020.
Key Players
The global webRTC market is largely dominated by a hand-full of companies such as ATandT, Avaya, Dialogic, GENBAND, TokBox, Alcatel-Lucent, Apple, Apidaze, Blackboard, CafeX Communications, Cisco, Digium, Ericsson, Google, IBM, Microsoft, Mitel Networks, Polycom, Opera, Oracle, TWILIO, Quobis.
Industry development
In April 2017, Grandstream Networks, Inc. launched an innovative web conferencing platform-IPVideoTalk Web Meeting Service that leverages the WebRTC technology to offer high-quality web meeting with HD video & audio through any Mac, iOS, or Android devices.
Global WebRTC Market Segmentation
Component Outlook
Enabled device Outlook
End User
By region
Key Questions Addressed by the Report?
Global WebRTC Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global WebRTC Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global WebRTC Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global WebRtc Market Share Analysis, By Component
5.3 Global WebRtc Market Size and Forecast, By Component
5.3.1 Solutions
5.3.2. Services
6 Global WebRTC Market, By Enabled Device
6.1 Y-o-Y Growth Comparison, By Enabled Device
6.2 Global WebRtc Market Share Analysis, By Enabled Device
6.3 Global WebRtc Market Size and Forecast, By Enabled Device
6.3.1 Smartphones & Tablets
6.3.2 Pcs
7 Global WebRTC Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global WebRtc Market Share Analysis, By End User
7.3 Global WebRtc Market Size and Forecast, By End User
7.3. 1 IT & Telecom
7.3.2. Healthcare
8 Global WebRTC Market, By Region
8.1 Global WebRtc Market Share Analysis, By Region
8.2 Global WebRtc Market Share Analysis, By Region
8.3 Global WebRtc Market Size and Forecast, By Region
9 North America WebRTC Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 North America WebRtc Market Share Analysis, By Component
9.3 North America WebRtc Market Size and Forecast, By Enabled Device
9.4 North America WebRtc Market Size and Forecast, By End User
9.5 North America WebRtc Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe WebRTC Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Europe WebRtc Market Share Analysis, By Component
10.3 Europe WebRtc Market Size and Forecast, By Enabled Device
10.4 Europe WebRtc Market Size and Forecast, By End User
10.5 Europe WebRtc Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific WebRTC Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Asia Pacific WebRtc Market Share Analysis, By Component
11.3 Asia Pacific WebRtc Market Size and Forecast, By Enabled Device
11.4 Asia Pacific WebRtc Market Size and Forecast, By End User
11.5 Asia Pacific WebRtc Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America WebRTC Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Latin America WebRtc Market Share Analysis, By Component
12.3 Latin America WebRtc Market Size and Forecast, By Enabled Device
12.4 Latin America WebRtc Market Size and Forecast, By End User
12.5 Latin America WebRtc Market Size and Forecast, Country
13Middle East WebRTC Market Analysis and Forecast (2021-2030)
13.1 Introduction
13.2 Middle East WebRtc Market Share Analysis, By Component
13.3 Middle East WebRtc Market Size and Forecast, By Enabled Device
13.4 Middle East WebRtc Market Size and Forecast, By End User
13.5 Middle East WebRtc Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 ATandT
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Avaya
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Dialogic
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 GENBAND
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 TokBox
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Alcatel-Lucent
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Apple
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Apidaze
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Blackboard
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 CafeX Communications
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Digium
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Ericsson
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Google
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 IBM
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.14 IBM
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 Microsoft
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies
15.16 Microsoft
15.16.1 Overview
15.16.2 Offerings
15.16.3 Key Financials
15.16.4 Business Segment & Geographic Overview
15.16.5 Key Market Developments
15.16.6 Key Strategies
15.17 Mitel Networks
15.17.1 Overview
15.17.2 Offerings
15.17.3 Key Financials
15.17.4 Business Segment & Geographic Overview
15.17.5 Key Market Developments
15.17.6 Key Strategies
15.18 Polycom
15.18.1 Overview
15.18.2 Offerings
15.18.3 Key Financials
15.18.4 Business Segment & Geographic Overview
15.18.5 Key Market Developments
15.18.6 Key Strategies
15.19 Opera
15.19.1 Overview
15.19.2 Offerings
15.19.3 Key Financials
15.19.4 Business Segment & Geographic Overview
15.19.5 Key Market Developments
15.19.6 Key Strategies
15.20 Microsoft
15.20.1 Overview
15.20.2 Offerings
15.2.3 Key Financials
15.20.4 Business Segment & Geographic Overview
15.20.5 Key Market Developments
15.20.6 Key Strategies
15.21 Oracle
15.21.1 Overview
15.21.2 Offerings
15.21.3 Key Financials
15.21.4 Business Segment & Geographic Overview
15.21.5 Key Market Developments
15.21.6 Key Strategies
15.22 TWILIO
15.22.1 Overview
15.22.2 Offerings
15.22.3 Key Financials
15.22.4 Business Segment & Geographic Overview
15.22.5 Key Market Developments
15.22.6 Key Strategies
15.23 Quobis
15.23.1 Overview
15.23.2 Offerings
15.23.3 Key Financials
15.23.4 Business Segment & Geographic Overview
15.23.5 Key Market Developments
15.23.6 Key Strategies
